1% a day consistently: possible?
- Thread starter stephencrowley
- Start date
Thanks for your response, I appreciate it.
Your collective comments explain a great deal about what you want to do and how you are going to go about it. We all benefit from your commentary.
Treating performance in the context of time does generate a time rate of change measure, that for me, is significant. The two things traders spend are time and money. Time is the more dear since it is not recoverable. And time must be spent in the market to make money. When capital is sidelined it has absolutely no value as an earning power.
One of the most rewarding segments of refinment is optimizing when capital is switched from one application to another based upon its earning power. The measure of that power comes down to the time rate of change at which capital is earning money.
Your target is 1% per day. A day turns out to be a very coarse measure of how time works in making money.
Again, thank you for responding.
Hi T dog,
Your four ?'s do characterize what my comment said once I say yes to each.
Surrounding the comment is that this is what a person can do who is fully employed and just spending some time in the evening keeping his investing (trading) current and activated.
I have difficulty in not answering you fully simply because, as you can see, my comments have drawn the usually freaking out by the B people already. Were I to post a typical example to you it would require four attachments. They would show how a stock was picked up and how the intial analysis would have put it on a hot list. You would see the associatd hand charting (because, in my case I am monitoring as well during the day). and you would see the newspaper clippings that followed leaving the trade.
While the example would seem crude and messy to you, I know that you would not miss the significance of the details. Further you would easily understand that there are many many stocks available at all times. I know that you have seen other commentary that has been made on how the canned mechanical version of this stuff works.
This thread by the originator is his and he shuns my comments understandably. I definitely do not want to exchange with him further since it is not in his interest as he sees it. I also want to guard against hijacking the thread.
Making money trading simply comes down to doing the delving and work to get to the place where a person can mechanically or otherwise, anticipate the market and front run it. The example is just from a file box from a room with file boxes. I used it randomly a couple of months ago to illustrate analysis.
You've been on ET far too long to still hold on to the fantasy that there are any secrets out there.
The first problem is you don't actaully have a "sufficiently real simulation".
Good luck! Looking forward to seeing the real trading.
My target is as high as possible.. yeah my backtesting results were a little rosy, but they are still good nonetheless, half the point of the thread was to gain attention and stir up some interesting conversation and I'd say that goal is accomplished.
But, the forums here at ET are obviously not for discussions of quantative strategies. I understand your point about money being sidelined.. that could have been said in one sentence.
But, the forums here at ET are obviously not for discussions of quantative strategies. I understand your point about money being sidelined.. that could have been said in one sentence.
I appreciate the skepticism.. but my data feed is very nice and every quote and trade is timestamped by the exchange (accurate to the millisecond) and also as soon as it hits my system, I also do rigorous tests on the round trip times..intradaily seasonal latency, etc. By this I can use bootstrapping to arrive at reasonable confidence intervals of quote speed and execution probability.. etc.
what? The Holy Grail lives!
There in only sure path to knowledge - experience. I'm off to the sidelines until you go live with real money, real quotes.
Watch out for Schroendinger's cat!
Later.
Watch out for Schroendinger's cat!
Later.